BALTIC EXCHANGE ANNOUNCES INTERIM £0.40 DIVIDEND
An interim dividend of £0.40 per share is being paid today (23 January) to Baltic Exchange shareholders. With Baltic Exchange ordinary £5 shares subdivided into 10 ordinary shares of 50 pence in April 2007, the dividend is the equivalent of £4 per ordinary £5 share. This compares with last year's interim dividend of £3.50.
The dividend is payable to shareholders listed on the Baltic's register at the close of business on 14 November 2007.
There are currently 483,860 shares in issue owned by approximately 440 shareholders.
Announcing the payment Chairman Michael Drayton said: "The Baltic Exchange continues to be in sound financial shape and we are very pleased to report an improved interim dividend. This payment is in line with our stated policy of distributing company profits to shareholders in the form of a dividend."
ENDS
For further details please contact Bill Lines, Navigate PR.
T: +44 (0)20 7369 1653
E: blines@navigatepr.com
The Baltic Exchange
The Baltic Exchange is the world's only independent source of maritime market information for the trading and settlement of physical and derivative contracts. Its international community of over 550 members encompasses the majority of world shipping interests and commits to a code of business conduct overseen by the Baltic.
Baltic Exchange members are responsible for a large proportion of all dry cargo and tanker fixtures as well as the sale and purchase of merchant vessels.
